It drips from the drooling lips of politicians trying to assuage voters. Economists and MSM love to dwell on it. So what does it mean to be middle class? Here's an example from Marc Chandler's Marc to Market.
This Great Graphic comes from Euromonitor International.
It shows the results of international surveys to see what goods and
behaviors are associated with the middle class. It appears that one's
home is the anchor to middle class status. The survey was conducted
online, which, itself says something about the middle class. Some 6600
people responded from sixteen consumer markets, including many several
emerging markets, such as the BRICs, Mexico, Turkey, Colombia, Thailand
and Indonesia,
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